NVIDIA Corp (NVDA)

S&P 500: 856.74
Change: -0.28%

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The Company is deals in worldwide programmable graphics processor technologies. Its major product-line operating segments are: graphics processing units, media and communications processors, Handheld and Consumer Electronics.

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Avatar ShockBroker (24.22) Submitted: 7/04/08 3:26 AM : Start Price: $12.93 NVDA Score: -16.46

Oh that makes me mad!

A 30% drop was totally uncalled for! The whole sector and economy at large is hurting, you can't blame NVDA for being honest and admitting it's going to shave 15% off their sales, like everyone else this quarter. The $150M mfg error, well, that's a shame, but it's a one-time charge.

In three months, the economy won't improve, but I trust them to not screw-up on that scale again, and that alone should put them up 15% from where we are today. Factor in ATI who aren't doing well either as their only competition and the fact that Nvidia products are top-drawer, and I'm thinking we'll be back at $20 in 12 weeks.

But first, I expect another 5-10% drop from sector pressure, S&P pressure and the $USD declining, so buy at $10.

Poor Nvidia, never rains but it pours. Now they know how AMD/ATI felt last year...

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